Goldcliff Resource Corp. Completes Initial Financing Tranche

Goldcliff Resource Corporation has announced the completion of the first tranche of its private placement, securing gross proceeds of $187,500. This includes 1,100,000 NFT Units and 2,300,000 flow-through shares (FT Shares), aiming to financially support the company's projects in British Columbia.

The NFT Units, comprising common shares and purchase warrants, raised $49,500. The proceeds will fund property payments on the Aurora West and Kettle Valley projects. The FT Shares, contributing $138,000, will finance exploration activities like drilling and geochemical sampling at Kettle Valley, Panorama Ridge, and the Ainsworth silver project.

An insider participated by acquiring both NFT Units and FT Shares. The transaction is exempt from certain formal requirements due to its small scale relative to the company's market capitalization. The placement remains subject to TSX Venture Exchange approval.